Lecture 3

Anything Worth Doing Is Not Necessarily Worth Doing Well Anything Worth Doing: People do things less well because of the added marginal cost Writing a C paper is less costly than writing an A paper Values of professor and student are different What quality level to strive for? o Depends on your goals Why the Young go to University: Young more accustomed to the routine of school Young do not have family responsibility Young realize the value of education The answer? MC = MB issue Youngs cost is lower and benefit is larger Gains for longer period of time Students Walking On the Grass: Most people enjoy a beautiful lawn. So why do people walk on it?